Yelp tips its hand that it plans to go public by filing a S-1 with the SEC. The company reports...

Yelp tips its hand that it plans to go public by filing a S-1 with the SEC. The company reports a Q3 loss of $3.8M on revenue of $22M (+75% Y/Y), while traffic on the site averaged 61M unique monthly visitors for the period.

The difference between tech bubble 2.0 and tech bubble 1.0 is the companies listing in the former are actual business that will one day generate some cash. Unfortunately people are being conned into paying way too much for them.

They are estimated to be making $150/m year by analysts. I don't think there's a reason for the owners to go IPO for the same reason Facebook isn't yet but if they want to, it shouldn't be a big surprise.